Keller Williams NYC today announced the launch of Chart Room, a new website feature powered by real estate data provider UrbanDigs that provides consumers with real-time market data.
“With the New York market being as segmented as it is, this represents challenges for consumers looking to buy, sell or price properties,” said UrbanDigs CEO and founder Noah Rosenblatt in a statement. “By leveraging UrbanDigs technology, KWNYC agents can engage and manage their client’s expectations, creating a simpler and more comfortable real estate experience.”
Buyers and sellers can access Chart Room directly from the Keller Williams NYC website to view available inventory, median days on market and the price per square foot, all of which is updated every 24 hours.
For a more targeted view, users can click the desired market indicator and create a downloadable chart for neighborhoods’ property types, price ranges and number of bedrooms.
Currently, UrbanDigs only offers data for Manhattan and Brooklyn neighborhoods using information from the Real Estate Board of New York’s centralized syndication feed RLS (Residential Listing Service), ACRIS (Automated City Register Information System) and proprietary models, explained Rosenblatt in an emailed statement, but there are plans to include Queens.
Beyond offering personalized market data, Chart Room also features KWNYC quarterly reports that include an overview of the NYC real estate market, the median sales price, days on market and sales pace for various housing types as well as a Manhattan neighborhood breakdown.
KWNYC co-owner Ilan Bracha says the development of Chart Room is due, in part, to a lack of multiple listing service (MLS) data in New York City.
“We’ve been working with UrbanDigs since KWNYC began seven years ago,” said Bracha, who is also founder of Bracha New York, in the announcement. “We rely on their expertise when it comes to understanding data trends in the NYC market.”
“Without an MLS, UrbanDigs provides some of the clearest insights into our market and both our agents and our clients are looking forward to the new chart room data on our website that is powered by their firm.”